1. What procedures need to be completed after the car loan is repaid?

1. After the car loan is repaid, it is necessary to complete the mortgage release registration. The borrower needs to go to the local vehicle management office to cancel the mortgage registration and then get the car title certificate, so that the car will truly belong to the owner. When going through the mortgage release registration procedures, you must prepare the valid identity documents of the borrower applicant and the vehicle owner, the loan contract signed with the bank, the loan repayment card, the original motor vehicle registration certificate and other information.

2. Legal basis: Article 394 of the "People's Republic of China and Civil Code"

In order to guarantee the performance of debts, the debtor or a third party shall not transfer property If the property is mortgaged to a creditor and the debtor fails to pay due debts or the circumstances agreed by the parties to realize the mortgage rights occur, the creditor shall have the right to receive priority payment for the property.

The debtor or third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property providing guarantee is the mortgaged property.

Article 395

The following properties that the debtor or a third party has the right to dispose of may be mortgaged:

(1) Buildings and other land Attachments;

(2) Construction land use rights;

(3) Sea area use rights;

(4) Production equipment, raw materials, semi-finished products, and products ;

(5) Buildings, ships, and aircraft under construction;

(6) Transportation tools;

(7) Laws and administrative regulations have not yet been Other property that is prohibited from being mortgaged.

The mortgagor may mortgage the properties listed in the preceding paragraph together.

2. What procedures are required to buy a car with a loan?

The following procedures are required to buy a car with a loan:

1. The buyer needs to provide a valid ID, temporary ID card It’s also possible;

2. If you are married, you need to provide a copy of your marriage certificate and your spouse’s ID card;

3. Proof of residence, you need to provide proof of residence in the place of permanent residence, such as Electricity bills for the past 6 months. If you have property in your permanent residence, you need to provide a real estate certificate;

4. Proof of employment and income. Provide proof of income stamped with the official seal of your workplace.